business

Live: Nifty stuck in a tight range; Should you sell on rise? Infosys, Vedanta & Eicher in focus

Indian equity market ended another lacklustre session on a flat note with a negative bias on September 26. Overall, the benchmark indices traded within the previous day's range and the trading range narrowed compared to the previous session, indicating the possibility of a sharp move on either side of the trade in the coming sessions. On the higher side, the Nifty may face resistance at 19,800, while in case of correction, it may get support at 19,600-19,500 levels, experts said. The BSE Sensex declined 78 points to 65,945, while the Nifty50 dropped 10 points to 19,665. The broader markets had a mixed trend, with the Nifty Midcap 100 index falling 0.2 percent and Smallcap 100 index rising 0.6 percent. This morning global cues are largely negative with Wall Street clocking steep losses and Asian markets trading fixed in early trade. GIFT Nifty, too, is hinting at a negative start. Among stocks in the spotlight are Vedanta, Infosys, Suzlon and Nestle. Two new listings to watch out for today: Sai Silk and Signature Global. Catch Nandita Khemka in conversation with Hemen Kapadia, Senior Vice President, Institutional Equity, KR Choksey Securities and Nirav R Karkera, Head - Research, Fisdom.

first published: Sep 27, 2023 08:35 am